There are many ways to build wealth. When you evaluate your financial health, develop a plan to achieve your goals and envision your legacy, make sure you consider the land you own alongside all other assets.

It’s not uncommon for generational wealth to be built as the result of landownership.  The connection may be obvious when considering industries like farming, forestry or energy production. There are also paths that property owners can explore which present opportunities to maximize their resources in pursuit of both passions and profits.

Regardless of where you fall on the spectrum of property ownership, the collection of articles featured here have been curated with you in mind. These topics explore how you can use your land, protect your assets and maximize your resources.

This collection has been created by members of the Team at JGUA who share a love of the land while bringing their diverse experiences and areas of expertise to the table.

Is there a topic you’d like to see covered on Wealth Off the Land?

Let us know!

A Guide to Tackling Estate Planning for the Horse Owner

By |2020-06-03T07:44:38-05:00June 3rd, 2020|Wealth Off The Land|

By Sarah E. J. Collier, JD As seen in the New York State Horse Council’s 2019 fourth quarter newsletter. It is not a hidden secret that horses are very expensive to own. A recent expense report I completed totaled the annual expenses for a ten-year-old horse, stabled at a boarding facility, at approximately $6,500 per [...]

“Being In the Know” as a Visitor to Equine Facilities in New York State

By |2019-03-22T15:46:47-05:00March 22nd, 2019|Wealth Off The Land|

Passed in 2017, The Safety in Agriculture Tourism Act (“The Act”) affects the liability of business owners and visitors to agriculture tourism destinations such as indoor and outdoor equine activities. In addition to limiting the business’s liability, The Act imposes duties and responsibilities on the visitors to these facilities. Who is a visitor? The Act [...]

“Being In the Know” as an Owner-Operator of Equine Facilities in New York State

By |2019-03-22T15:47:18-05:00March 22nd, 2019|Wealth Off The Land|

Passed in 2017, The Safety in Agriculture Tourism Act (“The Act”) affects the liability of agritourism business owners-operators and the visitors to these destinations, including those that offer indoor and outdoor equine activities. The Act limits the owner-operator’s liability provided they comply with the duties and responsibilities imposed on them. How does The Act limit [...]

Four Basic Components of Succession Planning on the Family Homestead

By |2019-02-05T14:57:00-05:00February 5th, 2019|Retirement, The Blog @JGUA, Wealth Off The Land|

By Sarah Collier, J.D.   Growing up on a small farm, I know all too well that farmers take pride in their hard work on the farm. It’s those memorable events like three generations working together to build a barn that are the reasons why the farmer wants the family homestead to pass from generation [...]

Timber Basis: A Primer

By |2019-02-07T09:29:34-05:00January 16th, 2019|The Blog @JGUA, Wealth Off The Land|

By Nick Jensen, CPA, CFP®   Owning land is a dream for many. It offers a chance to diversify investments while owning a tangible asset that can be enjoyed in many ways. Compared to looking at your investment account statement, there is something viscerally more satisfying about fertilizing your woodlot with your own footprints. Owning and [...]

What is a 1031 Tax Deferred Exchange

By |2019-02-07T09:30:09-05:00January 8th, 2019|The Blog @JGUA, Wealth Off The Land|

By Nick Jensen, CPA, CFP®   Are you fortunate enough to own real property that could be sold at a large gain?  Real Estate transactions are a topic we discuss with clients frequently as there are a variety of tax related considerations that require thorough and comprehensive planning strategies in order to ensure that the [...]

New York isn’t Horsing Around Anymore

By |2019-03-22T15:43:31-05:00November 19th, 2018|The Blog @JGUA, Wealth Off The Land|

Sarah Collier, J.D.   Do you visit farms for u-pick events and horse lessons? Own and operate agriculture businesses that invite the public onto your land educating them about agriculture? Then this new New York State law may impact you. Just over a year ago New York signed into law The Safety in Agriculture Tourism [...]

New York State STAR Program

By |2018-08-09T13:18:15-05:00August 9th, 2018|Wealth Off The Land|

Basic STAR vs. Enhanced STAR: Which one is right for me? By: Nick A. Jensen, CPA, CFP® New York State resident homeowners may receive a property tax exemption called School Tax Relief or STAR program. This program is found in the New York State Real Property Tax Law (RPTL) § 425 and is aimed at [...]